Page 1702
c. Enforceable Note (05/09/2022)
The Lender must service the Loan in a manner that will preserve the right to collect the Loan. If necessary, a Lender may obtain a Judgment against the Borrower to establish enforceability.
Page 1702
c. Enforceable Note (05/09/2022)
The Lender must service the Loan in a manner that will preserve the right to collect the Loan. If necessary, a Lender may obtain a Judgment against the Borrower to establish enforceability.
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.